Groupon Inc

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 12, 2024

GRPN$12.51-23.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Cash Flows

(in thousands)

	Nine Months Ended September 30,
	2024	2023
Operating activities
Net income (loss)	$(6,396)	$(81,423)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property, equipment and software	21,903	34,110
Amortization of acquired intangible assets	2,609	6,206
Stock-based compensation	17,682	13,771
(Gain) loss from changes in fair value of investment	—	25,751
Foreign currency (gains) losses, net	(4,801)	9,528
Foreign VAT assessments	8,692	—
Gain on sale of assets	(5,160)	—
Change in assets and liabilities:
Accounts receivable	10,678	10,225
Prepaid expenses and other current assets	19,294	14,357
Right-of-use assets - operating leases	1,830	7,985
Accounts payable	(2,290)	(49,082)
Accrued merchant and supplier payables	(57,749)	(52,497)
Accrued expenses and other current liabilities	(9,616)	(44,716)
Operating lease obligations	(4,618)	(22,011)
Payment for early lease termination	(1,832)	(9,724)
Other, net	(1,295)	5,035
Net cash provided by (used in) operating activities	(11,069)	(132,485)
Investing activities
Purchases of property and equipment and capitalized software	(11,591)	(15,917)
Proceeds from sale of assets, net	9,116	1,475
Acquisitions of intangible assets and other investing activities	(595)	(2,523)
Net cash provided by (used in) investing activities	(3,070)	(16,965)
Financing activities
Payments of borrowings under revolving credit agreement	(42,776)	(28,300)
Proceeds from Rights Offering, net of issuance costs	79,619	—
Taxes paid related to net share settlements of stock-based compensation awards	(1,457)	(3,126)
Other financing activities	(2,457)	473
Net cash provided by (used in) financing activities	32,929	(30,953)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1,788	34
Net increase (decrease) in cash, cash equivalents and restricted cash	20,578	(180,369)
Cash, cash equivalents and restricted cash, beginning of period (1)	167,638	281,696
Cash, cash equivalents and restricted cash, end of period (1)	$188,216	$101,327

	Nine Months Ended September 30,
	2024	2023
Supplemental disclosure of cash flow information:
Cash paid for interest	$3,013	$5,713
Income tax payments	10,527	4,833
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software	185	(1,999)
Supplemental cash flow information on our leasing obligations
Cash paid for amounts included in the measurement of operating lease liabilities	$4,559	$21,032
Right-of-use assets obtained in exchange for operating lease liabilities	2,383	543

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(1)The following table provides a reconciliation of Cash, cash equivalents and restricted cash shown above to amounts reported within the Condensed Consolidated Balance Sheets as of September 30, 2024, December 31, 2023, September 30, 2023 and December 31, 2022 (in thousands):

	September 30, 2024	December 31, 2023	September 30, 2023	December 31, 2022
Cash and cash equivalents	$159,710	$141,563	$86,085	$281,279
Restricted cash included in prepaid expenses and other current assets	28,506	26,075	15,242	417
Cash, cash equivalents and restricted cash	$188,216	$167,638	$101,327	$281,696

ContentsView on SEC.gov

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